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Quarterly Results of Operations (Unaudited) | 12 Months Ended
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Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Results of Operations (Unaudited) | Quarterly Results of Operations (Unaudited) Summarized unaudited quarterly operating results for the Company for the years ending December 31, 2020 and 2019 are as follows:
|  | 2020
|  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
Interest income |  | $ | 69,674 |  |  | $ | 65,607 |  |  | $ | 81,127 |  |  | $ | 98,236 |
Interest expense |  | 13,425 |  | 10,270 |  |  | 12,299 |  |  | 12,992 |
Net interest income |  | 56,249 |  | 55,337 |  |  | 68,828 |  |  | 85,244 |
Provision for credit losses |  | 27,964 |  | 24,039 |  |  | 45,834 |  |  | (3,231) |
Provision for credit losses on unfunded commitments |  | 1,601 |  | 1,882 |  |  | 9,567 |  |  | 311 |
Net interest income after provision for loan losses |  | 26,684 |  | 29,416 |  |  | 13,427 |  |  | 88,164 |
Noninterest income |  | 42,700 |  | 81,491 |  |  | 97,026 |  |  | 80,638 |
Noninterest expense |  | 68,559 |  | 80,579 |  |  | 118,092 |  |  | 109,855 |
Income tax expense (benefit) |  | 80 |  | 7,455 |  |  | (2,040) |  |  | 13,337 |
Net income (loss) attributable to FB Financial Corporation and noncontrolling interest |  | $ | 745 |  |  | $ | 22,873 |  |  | $ | (5,599) |  |  | $ | 45,610 |
Net income applicable to noncontrolling interest |  | — |  |  | — |  |  | — |  |  | 8 |
Net income (loss) applicable to FB Financial Corporation |  | $ | 745 |  |  | $ | 22,873 |  |  | $ | (5,599) |  |  | $ | 45,602 |
Weighted average common shares outstanding: |  |  |  |  |  |  |  |
Basic |  | 31,257,739 |  | 32,094,274 |  |  | 40,154,841 |  |  | 47,204,738 |
Fully diluted |  | 31,734,112 |  | 32,506,417 |  |  | 40,637,745 |  |  | 47,791,659 |
Earnings per share |  |  |  |  |  |  |  |
Basic |  | $ | 0.02 |  |  | $ | 0.71 |  |  | $ | (0.14) |  |  | $ | 0.97 |
Fully diluted |  | $ | 0.02 |  |  | $ | 0.70 |  |  | $ | (0.14) |  |  | $ | 0.95 |
|  | 2019
|  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
Interest income |  | $ | 65,933 |  |  | $ | 71,719 |  |  | $ | 73,242 |  |  | $ | 71,643 |
Interest expense |  | 12,917 |  |  | 14,696 |  |  | 14,937 |  |  | 13,951 |
Net interest income |  | 53,016 |  |  | 57,023 |  |  | 58,305 |  |  | 57,692 |
Provision for loan losses |  | 1,391 |  |  | 881 |  |  | 1,831 |  |  | 2,950 |
Net interest income after provision for loan losses |  | 51,625 |  |  | 56,142 |  |  | 56,474 |  |  | 54,742 |
Noninterest income |  | 29,039 |  |  | 32,979 |  |  | 38,145 |  |  | 35,234 |
Noninterest expense |  | 55,101 |  |  | 64,119 |  |  | 62,935 |  |  | 62,686 |
Income tax expense |  | 5,975 |  |  | 6,314 |  |  | 7,718 |  |  | 5,718 |
Net income |  | $ | 19,588 |  |  | $ | 18,688 |  |  | $ | 23,966 |  |  | $ | 21,572 |
Weighted average common shares outstanding: |  |  |  |  |  |  |  |
Basic |  | 30,786,684 |  |  | 30,859,596 |  |  | 30,899,583 |  |  | 30,934,092 |
Fully diluted |  | 31,349,198 |  |  | 31,378,018 |  |  | 31,425,573 |  |  | 31,470,565 |
Earnings per share |  |  |  |  |  |  |  |
Basic |  | $ | 0.63 |  |  | $ | 0.60 |  |  | $ | 0.77 |  |  | $ | 0.69 |
Fully diluted |  | $ | 0.62 |  |  | $ | 0.59 |  |  | $ | 0.76 |  |  | $ | 0.68 |

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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